Zip 62440 (Lerna, IL) Cost of Living


0 Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
How much do I need to live in Lerna, Illinois?
$1,950 / month
for a family, 63.9% less expensive than the national average A total of $23,400 for the year for a family.
$1,967 / month
for a single person, 58.7% less expensive than the national average A total of $23,600 for the year for a single person.

Lerna cost of living score
69.7
Less expensive
30.3% lower
than the US average
25.6% lower
than the Illinois average
Lerna (zip 62440), Illinois gets a BestPlaces Cost of Living score of 69.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 30.3% lower than the U.S. average and 25.6% higher than the average for Illinois.

Zip 62440 (Lerna, IL)

Housing costs in Lerna?
A typical home costs $122,300, which is 63.8% less expensive than the national average of $338,100 and 49.4% less expensive than the average Illinois home, at $241,700. Renting a two-bedroom unit in Lerna costs $780 per month, which is 45.5% cheaper than the national average of $1,430 and 61.5% cheaper than the state average of $1,260.

Can I afford Lerna?
To live comfortably in Lerna (zip 62440), Illinois, a minimum annual income of $23,400 for a family, and $23,600 for a single person is recommended.

What does A.I. say about Lerna?
The cost of living in 62440 Lerna, IL is relatively low compared to other parts of the country. The median home cost is just over $80,000, with rental costs being significantly lower at around $550 a month. Overall, goods and services are also cheaper than most areas in the state and nation. Groceries and healthcare tend to be especially affordable. On top of that, utility bills are very reasonable as well. All these factors create an overall budget-friendly environment that makes living in 62440 Lerna, IL a great option for those looking for affordability along with access to amenities.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesLernaIllinoisUnited States
    Unlock93.7100.0
  92.9  Unlock100.0
    Unlock96.9100.0
  38.0  Unlock100.0
    Unlock$241,700$338,100
  95.5  Unlock100.0
    Unlock106.2100.0
  115.4  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.